Since its introduction, betting on sports online has been very popular all over social media. Following the passage of Bill C-218 in Alberta, it is now considerably simpler to place bets on sporting events. Before the law was passed, all legal betting on sports in the province of Alberta, had to be conducted via Sport Select, which is a product offered by the Western Canada Lottery Corporation. However, the only betting options it provided were pool-buying schemes and parlay betting, both of which used local stores.
Now, according to the new law, this is no longer the case, and for the very first time in history, residents of Alberta are permitted to use regulated sportsbooks and casinos to make single-game bets over the internet. So, without further ado, here are 5 killer ways to maximize your success as a bettor.
Table of Contents
1) Use Different Sportsbooks To Find The Best Odds
Bettors should use a number of different sportsbooks to ensure that they are getting the best value for their money. This is analogous to the way that individuals shop at a variety of places to discover the best deals. There is a good chance that the figures for bets on the spread and total will differ by a half point to a full point from one sportsbook to the next. This may seem little, but it plays a significant role when you are hovering near important numbers and your long-term goal as a successful bettor. It is truly astounding the number of times that you will either win or lose a bet by half a point’s margin of victory.
When it comes to wagering on propositions and team totals, there is the potential for more volatility, which may be used in a number of different ways. There is the alternative of choosing a number in the middle or just selecting the finest number from either side. It is essential for the success of a sports bettor in Alberta to have access to a variety of different bookmakers which offer sharp odds, generous bonuses, quick transactions, and quality software (Source: https://bestsportsbettingcanada.ca/alberta/).
2) Set Up A Bankroll
Every tip in this article is valuable, however, none is more useful than this one. You must make a budget regardless of how much money you have or what your short or long-term objectives are. Remember that losing money is considerably more probable than winning money. You must determine how much money you are willing to risk and ensure that you do not chase your losses either!
You have the option of creating a daily, weekly, monthly, or yearly budget. We’ve even heard of individuals saving away large sums of money with no time constraints. It is totally up to you how you set up your budget. Simply ensure that your budget is established at a realistic level and that you are willing to adhere to it.
If you want to take sports betting seriously, think of it as an investment. Set aside some money and decide on a “unit size.” This is to ensure that all of your bets are consistent. On a per-play basis, we suggest using anything from 1-5% of your bankroll. Consistently betting this amount enables variation to play out without the risk of becoming bankrupt. Even strong bettors who succeed in 55%+ of their bets would go bankrupt if they staked 10% of their bankroll.
3) Maintain Discipline
Even though it feels ridiculous to put it in writing, just because there is an upcoming sporting event does not indicate that you have to place a bet on it. The goal of failed bettors, who bet on everything and everything, is often merely to work up a nice sweat, which frequently results in a far greater number of losses than winnings. Only bet when there is value since this is the strategy used by the most successful bettors who want to maximize their long-term profits.
Sports betting isn’t going anywhere, so control your urges! Yes, the temptation is tremendous when your heart is set on taking advantage of every betting chance that comes your way, but you have to learn to be disciplined and set limits on how much you bet in order to avoid falling into bad betting habits. When compared to making irrational and foolish bets, betting in moderation will help you make bets that are more sensible and realistic.
4) Keep Track Of Your Bets
To keep track of your bets, you can either create your own spreadsheet in Excel or use one of the available applications. Not only does this enable you to be realistic with yourself, but it also has the potential to help you evaluate yourself and fix any ongoing errors in your betting strategy.
After a considerable amount of time spent betting, you are able to review your past results and determine the sorts of bets that brought you the greatest money (player props vs spreads vs totals, etc), along with areas that need some improvements. You can only ever improve as a sports bettor when admitting past mistakes and working to fix them, so it is absolutely crucial to make use of this tip if you wish to win more money than you lose when sports betting.
5) Don’t Bet With Your Heart
Most sports bettors start betting because they are passionate sports fans, and as a result, they’re bound to have a favorite team. In this case, we advise not betting on any games involving your favorite team (or teams).
Being loyal may impair our judgment, therefore we advise using reason and control while placing your sports bets. Both conscious and unconscious biases may have an impact on us. For this reason, we advise avoiding lines in which you have a personal or emotional involvement.
6) (BONUS) Keep it Safe & Secure
It is of utmost importance to choose the most reputable providers possible. This is because the gambling industry is not perfect, just like any other business out there. Even mega companies like WhatsApp encountered a data breach here and there, so it’s of utmost importance you choose a provider which is properly licensed and focused on offering a secure platform. This will not affect your betting directly, but instead will give you a rested head regarding cybersecurity and lets you rest assured that your funds are safe in the specific sportsbook you are using.
